Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has ...

Excise taxes apply to specific goods and services. Businesses that make or sell chosen goods and services collect most of these taxes. As a consumer, you generally won’t get a bill for excise tax. But ...

The American Institute of CPAs wants more information on a provision of the One Big Beautiful Bill Act imposing an excise tax ...

Section 4960 imposes a 21% excise charge on the portion of remuneration above $1m paid by ATEOs to their “covered employees”.

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

IRS spokesperson Stacy Engle said most excise tax paid by consumers goes toward funding projects the tax is for, such as highway or airport improvements. What is excise tax and where does it go?

[Stay on top of transportation news: Get TTNews in your inbox.] The repeal of a tax on the purchase of new trucks was discussed during a recent hearing in the U.S. House of Representatives. Rep. Chris ...